August 2, 2022

McLennan County Appraisal District Showcases Raising Values

New data, from the McLennan County Appraisal District, show that property values are rapidly increasing in their county. Local governments have been announcing their property taxes rates based on the new data. In County of McLennan Commissioners approved the no-new-revenue rate for the county at an 8.6 cent increase, the city of Waco released its […]
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July 18, 2022

Texas Tax Protest Nears 200,000 Over Appraisals

The Dallas Central Appraisal District has received 176,337 protests for residential and business properties. The deadline for the Texas tax protest was May 15th, but mail was still being processed, so the number of protests from home appraisals nears 200,000.     According to Cheryl Jordan, the office received 178,358 grievances in 2020. This is higher than […]
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May 11, 2022

Property Values Up in Potter-Randall Appraisal District

On April 22, the Potter-Randall Appraisal District (PRAD) in Texas mailed appraisal notices, which have increased by 25% on average. This rise in valuation will, likely, lead to higher property taxes for residents. Why Are the Values Increasing in the in Potter-Randall Appraisal District? The rise in property values is not exclusive to Amarillo and […]
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May 9, 2022

Will The Texas ISD M&O Property Tax Rate Be Eliminated

Texas’s Lt. Governor, Dan Patrick, and multiple Texas legislators plan to lower the Texas property tax rates by eliminating the ISD maintenance and operations property tax. This change, combined with a decrease in the cap rate, would significantly affect Texas taxes. But will it pass through the state congress or lower taxes? What is the […]
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April 12, 2022

Texas Property Tax Renditions Are Due April 15

For Texas business owners, April 15 is the deadline for filing tangible personal property renditions. What Is a Rendition and Why Does It Matter? A rendition includes taxable inventory that the property owner is responsible for or has in his or her possession from January 1 of one year to January 1 of the next […]
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April 4, 2022

Possible Property Tax Changes for 2022

The three largest states in the Union have initiatives that could affect their residents’ property tax bills for 2022: 1. New York has plans to give homeowners with incomes up to $250,000 a Property Tax Relief credit on their income tax returns. That would be allowed “if their total property tax exceeds a fixed percentage of their […]
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March 28, 2022

Tax Savings for Texas Business Aircraft Owners

With the 2022 tax season well underway, Texas companies would be wise to seek opportunities to reduce their tax burden. Proprietors of business aircraft within the state may be able to take advantage of Texas legislation that can save them money. The law allows owners to potentially reduce the assessed value of the aircraft based on data from the flight log. […]
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March 18, 2022

Texas Property Tax Info Now Available for Taxpayers

A recent Texas State Comptroller’s Office press release announced the following updates to Texas property tax exemptions and programs: Appraisals for Productivity Property owners who use their land for timber, farming, or wildlife management can receive property tax relief, which could result in a lower appraisal of the land-based on its production, rather than its […]
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November 16, 2021

Texas Property Tax Relief to Not Impact Schools

In many places across the country, school budgets are drawn directly from property tax revenue. That is the case in Texas, where a current property tax relief bill is on the table. Presently, Senate Bill 1 is a hot topic of discussion. It was passed quickly by a recent legislative session after being added to the agenda by Texas […]
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